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Definitions

Award
Awards of recognition
Application-based scholarships
Bursary
Compulsory fees
Confirmation of enrolment
Dependent student
Donor awards
Expected financial contribution
Financial aid
General bursary and donor award application
Grant
In-course scholarships
Independent student
Loans
Ontario Student Assistance Program (OSAP)
Redirection of funds
Registered Education Savings Plan (RESP)
Registered Retirement Savings Plan (RRSP)
Scholarships
Student line of credit
Tuition fees
Tuition deferment
University Works program
Summer University Works program

 

Award

Monetary awards provided to students who have met the individual specific criteria. Awards do not have to be repaid. Awards can be a combination of scholarships and bursaries. Learn more about awards.

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Awards of recognition

Awards that recognize academic accomplishments for recent Canadian secondary school graduates. Learn more about awards of recognition.

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Application-based scholarships

Scholarships awarded to applicants who demonstrate outstanding academic achievement, exceptional leadership and community involvement. Learn more about application-based scholarships.

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Bursary

A non-repayable award allocated on the basis of financial need and without undue emphasis on academic standing. Learn more about bursaries.

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Compulsory fees

Fees charged by your post-secondary school for education-related costs such as:

  • Athletic fees
  • Co-op fees
  • Field placement
  • Health services
  • Laboratory fees
  • Professional fees
  • Student activity fees
  • Student union fees
  • Technology fees (excluding computer purchase or lease fees)

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Confirmation of enrolment

The Student Awards and Financial Aid (SAFA) office is responsible for electronically confirming a student’s full- or part-time enrolment in order for the Ontario Student Assistance Program (OSAP) to release funding.

We also confirm enrolment for the National Student Loan Service Centre (NSLSC) for those students who have previously received OSAP and who are not applying for the current school year. Students must log into their own OSAP account through the OSAP website and select "Start A New Application" under Continuation of Interest-Free Status. The SAFA office will then electronically confirm enrolment for the NSLSC.       

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Dependent student

OSAP considers you a dependent student if you meet the following criteria:

  • You are not married or in a common-law relationship
  • You are not separated, divorced or widowed
  • You are not a sole-support parent
  • You haven't taken two or more breaks from being a full-time high school or post-secondary student that were both at least 12 consecutive months on two or more occasions

Note: Parental income information is required on your OSAP application.

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Donor awards

Generous donors provide funding to the university for disbursement to qualified students. Generally a donor specifies the criteria that must be met for a student to qualify for the award. Learn more about donor awards.

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Expected financial contribution

OSAP expects that you and your family have planned for your full-time post-secondary education and have put aside money to pay for it. The purpose of OSAP is to supplement - not replace - your resources.

Your expected financial contribution is the amount of money that OSAP determines you should have available to pay for your education and living costs. It determines this amount by assessing your:

  • Income and assets
  • Marital status
  • Number of dependent children (if applicable)
  • Parents' income, assets and number of dependent children (if you are a dependent student)
  • Spouse's or common-law partner's income and assets

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Financial aid

Any combination of awards, bursaries, grants, loans and/or scholarships provided to a student to assist with the costs of his or her post-secondary education.

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General bursary and donor award application

When students apply for bursaries and some donor awards, they must complete a General Bursary and Donor Award application. This is available on MyCampus under the UOIT Awards and Financial Aid tab.

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Grant

Type of financial aid that is not a loan and that you typically do not have to repay. A grant is usually awarded based on financial need and/or other factors.

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In-course scholarships

Scholarships recognizing undergraduate students' academic achievements during their studies. Learn more about in-course scholarships.

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Independent student

You are considered an independent student if at least one of the following applies to you:

  • Both your parents are deceased
  • You are a current crown ward or were a crown ward just prior to age 18
  • You are currently receiving an Extended Care and Maintenance allowance from a Children's Aid Society
  • You are not currently married or in a common-law relationship
  • You had been out of high school for four or more years at the start of your study period
  • You were not a full-time student for at least 12 consecutive months on two or more occasions (e.g., you were in the labour force on a full-time basis)
  • You were previously married or a sole-support parent, but no longer meet those criteria (e.g., widowed, divorced or separated with no children)

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Loans

Money you borrow that must be paid back. With OSAP, you are borrowing money from the governments of Canada and/or Ontario. When you pay back the loan, you will also pay any interest on the debt.

With student loans, the interest that adds up while you are in school is paid by the federal and provincial governments. When you finish attending school, the Ontario government pays the interest on your Ontario student loan(s) for the first six months. Once the grace period ends, you are responsible for paying the interest on both your Ontario and Canada student loans.

Note: You agree to the terms and conditions of the loan when you sign your Master Student Financial Assistance Agreement (MSFAA) with OSAP.

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Ontario Student Assistance Program (OSAP)

OSAP is run by the Ministry of Training, Colleges and Universities and is funded by the provincial and federal governments. 

Through OSAP, you can apply for financial assistance as a full-time or part-time student. These applications automatically consider you for funding from several grants, bursaries and loans.  Learn more and apply for OSAP.

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Redirection of funds

This is the default setting on the online OSAP application form. By selecting this option, you authorize the Ministry to redirect a portion of your OSAP funding. Note:

  • The amount of OSAP funding available for redirection might not cover all of your tuition fees. It is your responsibility to ensure all payments are received and that your account remains in good standing.
  • Loan funding and funding from federal grant programs (e.g., Canada Student Grants) can be redirected to pay tuition fees.

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Registered Education Savings Plan (RESP)

An RESP is an investment tool generally used to assist students and families with the cost of post-secondary education in Canada. RESPs are available through most banks and financial institutions. Learn more about RESPs.

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Registered Retirement Savings Plans (RRSP)

RRSPs are tax-free savings accounts generally used to supplement retirement income. Income tax on this income is not charged until you withdraw from the fund. RRSPs are available through many banks and financial institutions. Learn more about RRSPs.

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Scholarships

Scholarships are non-repayable awards given to recognize the high level of excellence a student has achieved in his or her studies. Learn about scholarships.

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Student line of credit

Most banking institutions offer a student line of credit to full- and part-time students. Each bank has individual requirements in order to qualify. Visit our Credit web page for more information or your financial institution.

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Tuition fees

These are the fees charged to a student by UOIT when the student registers for any course of study. These fees must be paid by the posted deadlines to avoid late fees and consequences. Learn more about tuition fees.

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Tuition deferment

If you have qualified for sufficient OSAP to cover the entire semester’s tuition, the SAFA office will apply a tuition deferment code to your account, which will ensure late fees are not applied. To qualify for a deferment, you must have indicated on your OSAP application that you authorize UOIT to redirect your OSAP funding to your tuition account (see redirection of funds).

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University Works program

The University Works program provides part-time employment to full-time domestic and international students attending the university. These positions are offered to selected students and provide employment on campus throughout the school year only. Learn more by visiting the University Works web page.

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Summer University Works program

The Summer University Works program provides full-time employment to selected domestic and international students during the summer break between each school year. Learn more by visiting the University Works web page.

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